Simple and Compound Interest MCQs with Answer - Exercise III

Ques 1 Simple and Compound

What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum ?

A Rs. 123
B Rs. 132
C Rs. 120
D Rs. 122

Ques 2 Simple and Compound

The simple interest on Rs. 10 for 4 months at the rate of 3 paise per rupee per month is :

A Rs. 1.20
B Rs. 1.60
C Rs. 2.40
D Rs. 3.60

Ques 3 Simple and Compound

If the difference between the CI of the 3rd year and the CI of the 2nd year is Rs.420 and the rate of interest is 16.67% p.a. then find the principal for 3 years.

A 12690
B 12600
C 12000
D 12960

Ques 4 Simple and Compound

At what time does a sum of money become four times at the simple interest rate 5% per annum?

A 20 Years
B 40 Years
C 60 Years
D 50 Years

Ques 5 Simple and Compound

A sum of money at compound interest amounts to Rs. 10,648 in 3 years and to Rs. 9,680 in 2 years. The rate of interest per annum is

A 5%
B 7.5%
C 10%
D 12.5%